Sell car for Bitcoin - page 22. | Bitcointalksearch.org

carlisle1

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Quote from: Starkick on September 17, 2018, 05:48:59 AM

My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.

Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.

How foolishness whas this?Selling a precious car to invest in crypto?What if the price continue to fall untill 2020 ?Then he will commit suicide?Stupidity is not a behavior cryptonians must be because we are being adviced to Invest only what we can afford to lose,since theres some topic about people committing suicide because of huge losses from their investments

Starkick

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Quote from: eternalgloom on September 17, 2018, 06:27:07 AM

Doesn't he need his car the next couple of months? Does he have a job or is he just planning to wait until 1 Bitcoin = 500k USD?
Sounds like an extremely stupid idea to spend money that you couldn't do without.

Initially I thought it might be a troll, but there are more unbelievable stories than this one.
People selling all their belongings for Bitcoin or taking out huge loans during ATH.

The thing is that he needs his car, but he plans to ask parents for help for that period of time and then make a surprise and return everything and even more..
I agree that it is totally stupid idea. I'm very afraid of him if the course will fall, not rise.

Bitmainer3.0

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Thats a sad Story, i hope it will get a happy end. Wink

dohh

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Quote from: Starkick on September 17, 2018, 06:33:28 AM

Quote from: BitcoinHodler on September 17, 2018, 06:24:27 AM

NO, he should NOT do it.

it has nothing to do with the future of bitcoin and what i think about it. but i advise against it because your "friend" is making an investment just because some random person told him it is a good idea and this way of investing is never a good idea and should be avoided.

you should only invest after doing your own extensive research. and even then you should always invest what you can afford to lose not the money that you get from selling your car!

I'm trying to stop him as I also don't think it will rise so much in so less time, but he fully believes in it as there are many articles on the web that try to prove it will be exactly like that..

If he has no brain and he sincerely believes, that 10000% ROI is realistic, its better if he cuts his losses He would lose that money anywhere somewhere else.

Starkick

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Quote from: BitcoinHodler on September 17, 2018, 06:24:27 AM

NO, he should NOT do it.

it has nothing to do with the future of bitcoin and what i think about it. but i advise against it because your "friend" is making an investment just because some random person told him it is a good idea and this way of investing is never a good idea and should be avoided.

you should only invest after doing your own extensive research. and even then you should always invest what you can afford to lose not the money that you get from selling your car!

I'm trying to stop him as I also don't think it will rise so much in so less time, but he fully believes in it as there are many articles on the web that try to prove it will be exactly like that..

neo444

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For me is a risky choice that he choose because no one can predict the price of bitcoin he can be under 500k$ and then he lose his car and job for nothing

Bitmainer3.0

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Quote from: Starkick on September 17, 2018, 05:48:59 AM

My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.

Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.

Hey

I would not recommend to sell a Car for Bitcoins.

Good Luck with this investement.

diazepam666

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Quote from: Starkick on September 17, 2018, 05:48:59 AM

My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.

Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.

Bitcoin is the worthy investment but this price prediction is false. So you will earn decent profit in next year and most of the long term holders believe the Bitcoin so your investment will safe in forever. My suggestion don't put ball in basket so you could split to invest in crypto then only it make big success.

eternalgloom

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Doesn't he need his car the next couple of months? Does he have a job or is he just planning to wait until 1 Bitcoin = 500k USD?
Sounds like an extremely stupid idea to spend money that you couldn't do without.

Initially I thought it might be a troll, but there are more unbelievable stories than this one.
People selling all their belongings for Bitcoin or taking out huge loans during ATH.

Starkick

jr. member

Activity: 588

Merit: 5

Quote from: Rune on September 17, 2018, 06:13:15 AM

Getting into the market now or anytime in the next 6-12 months I think is good thinking it is going to 500,000 in 2019 is just nonsense to much to fast.
Needs better expectations no way he is getting that kind of returns but if he can afford to be with out the money for 10 years maybe he will get what he wants.

Who can live without money for 10 years? Cheesy

BitcoinHodler

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NO, he should NOT do it.

it has nothing to do with the future of bitcoin and what i think about it. but i advise against it because your "friend" is making an investment just because some random person told him it is a good idea and this way of investing is never a good idea and should be avoided.

you should only invest after doing your own extensive research. and even then you should always invest what you can afford to lose not the money that you get from selling your car!

dohh

jr. member

Activity: 332

Merit: 1

Quote from: Starkick on September 17, 2018, 05:48:59 AM

My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.

Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.

I personally think, that if You want to believe those, who predict BTC to rise to 500 K, to sell all their belongins. That would mean 10000% ROI in one year. Why the hell not?

Starkick

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Quote from: modamo on September 17, 2018, 06:11:12 AM

This is rather unreasonable step for him. Only if you have free funds, you can deal with crypto currency. Cryptomarket is very volatility. And your friend can
both lose and make a profit. It's very risky.

The main point is that he doesn't have much money on him. If he would then there will be no need in selling a car.

Rune

legendary

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Getting into the market now or anytime in the next 6-12 months I think is good thinking it is going to 500,000 in 2019 is just nonsense to much to fast.
Needs better expectations no way he is getting that kind of returns but if he can afford to be with out the money for 10 years maybe he will get what he wants.

modamo

member

Activity: 249

Merit: 10

This is rather unreasonable step for him. Only if you have free funds, you can deal with crypto currency. Cryptomarket is very volatility. And your friend can
both lose and make a profit. It's very risky.

Starkick

jr. member

Activity: 588

Merit: 5

My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.

Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.

Topic: Sell car for Bitcoin - page 22. (Read 2079 times)